Yixin Group Ltd. has released its unaudited business update for the first quarter of 2025. The company reported a significant year-on-year increase of approximately 56.5% in its financing amount, reaching around RMB6.1 billion. The contribution from the Fintech (SaaS) business rose to approximately 39.9% of the Group's total financing amount during this period. Yixin Group also launched four new cooperative projects and strengthened its partnerships with state-owned commercial banks, including the Industrial and Commercial Bank of China. Additionally, the company's battery GAP product, introduced in 2023, saw around 13 thousand transactions in the first quarter of 2025, marking a year-on-year increase of approximately 38.0%. The announcement emphasizes that these figures are preliminary and based on unaudited management accounts, suggesting potential differences from future consolidated financial statements. Shareholders and potential investors are advised to exercise caution.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.